Bitcoin’s hashrate has fallen by more than 100 EH/s since late February, with analysts pointing to economic strain, infrastructure shifts, and geopolitical disruption as key drivers.
The network’s mining difficulty dropped 7.7% to 133.79T from 145.04T, marking one of the largest downward adjustments of 2026 as operational pressure forces miners offline.
“This is a big move,”
Said Blockspace co-host Colin Harper, adding:
“Bitcoin’s hash rate typically is always marching upward… but we’re seeing repeated downward adjustments, which just does not happen.”
Seven-day average hashrate has declined to around 937 EH/s from approximately 1,086 EH/s, while hashprice remains subdued at about $30.46 per petahash per day, limiting miner profitability.
“Miners are coming off line because they can’t afford to mine anymore,”
Said Blockspace co-host, Colin Harper.
Analysts also point to geopolitical tensions involving Iran, with potential energy disruptions across the Middle East contributing to rising costs and reduced mining activity in the region.
The downturn echoes past shocks such as the 2021 China mining ban, with additional strain from US weather events in key hubs like Texas and Tennessee further amplifying volatility.
At the time of reporting, Bitcoin price was $69,128.97.